Updates
** Shares of HMC Capital HMC.AX rise 15.3% to A$11.41, set for their biggest intraday gain since December, 2023
** HMC top gainers in the ASX200 benchmark index .AXJO, which is down 0.5%
** Diversified asset manager posts HY statutory profit after tax of A$166.9 million ($105.98 million), a sharp growth from A$17.8 million logged last year on the back of strong AUM growth and record investment returns
** AUM grew to A$18.5 billion as at December-end, up 45% from June-end
** Declares interim dividend of 6 Australian cents per share
** Says is in the early stages of establishing a HMC sponsored consortium to acquire and recapitalise hospital operator Healthscope
** Stock up 9.1% this year, including current session's moves
($1 = 1.5748 Australian dollars)
(Reporting by Manasi Dasa Sundeep and Rishav Chatterjee in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.